NOT LISTED FOR SALE
4 Beds
2 Baths
1,593 Sq Ft
6,499 Sq Ft Lot

Last Sold June 04, 2021

Last sale price $1,275,000 $800 Per Sq Ft

136 Days on Market

Highlights

  • Traditional Architecture
  • Granite Countertops
  • Level Lot
  • Robert Down Elementary School Rated A
  • 3 Car Detached Garage
  • Carpet

About This Home

As of June 2021

Wow! 2 Separate units on a huge lot, each are 2 bedroom, 1 bath approx. 800 square feet. Sunny side location in Pacific Grove! These are neat and clean units. They currently have tenants with leases until May and Sept of 2021. The cottage/main house (lower level) is Unit 718. The unit above the 3 car garage is unit 714. Each unit has its own very nice yard space. Bathrooms have been updated along with flooring. Location, Location, Location!! Only 3 minutes to Monterey Bay Aquarium, 6 minutes to Asilomar Beach and 11 minutes to Carmel by the Sea. Close to shopping and all of the award winning Pacific Grove schools.

Last Agent to Sell the Property

Annette Boggs

Coldwell Banker Realty License #01317801 Listed on: 12/07/2020

Coldwell Banker Realty

Last Buyer's Agent

Julie Kavanaugh

Carmel Coast Estate, Inc. License #01271808

Property Details

Home Type

  • Multi-Family

Year Built

  • 1947

Lot Details

  • 6,499 Sq Ft Lot
  • Level Lot

Parking

  • 3 Car Detached Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Pillar, Post or Pier Foundation
  • Composition Roof

Interior Spaces

  • 1,593 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Kitchen

  • Oven or Range
  • Granite Countertops

Flooring

  • Carpet
  • Laminate

Utilities

  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $66,600

Community Details

Overview

  • 1,593 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $1,080
  • Insurance Expense $1,700
  • Manager Expense $3,996
  • Operating Expense $15,141
  • Gross Income $66,600

Property Details

Home Type

Multi-Family

Year Built

1947

Lot Details

0

Parking

3

Listing Details

  • Zoning: R 1
  • Subclass: Duplex
  • Style: Traditional
  • Age: 73
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1593
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1947

Interior Features

  • Kitchen: Countertop - Granite, Oven Range, Refrigerator
  • Living Sq Ft: 1593
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Carpet, Laminate

Exterior Features

  • Foundation: Post And Pier
  • Roof: Composition
  • Construction Type: Wood

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 6
  • Garage Parking Features: Detached Garage, Gate / Door Opener, Off-Street Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Pacific Grove Unified
  • Middle School: Pacific Grove Middle
  • High School: Pacific Grove High
  • High School: 560
  • Middle School: 561

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1492
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6500.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Less Than 1 Yr
  • Gross Rent Multiplier: 19.34
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1700
  • Expense Landscape: 1080
  • Expense Management: 3996
  • Expenses Total: 15141
  • Income Annual Gross: 66600.00
  • Income Annual Rental: 66600
  • Income Gross Scheduled: 66600
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Services - Gardener, Services - Sewer
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2021 06/04/21 Sold $1,275,000 -1.0% $800 / Sq Ft
04/23/2021 04/23/21 Pending -- -- --
03/25/2021 03/25/21 Price Changed $1,288,000 -7.7% $809 / Sq Ft
02/21/2021 02/21/21 Price Changed $1,395,000 -2.1% $876 / Sq Ft
12/07/2020 12/07/20 For Sale $1,425,000 +108.8% $895 / Sq Ft
05/22/2015 05/22/15 Sold $682,600 -8.4% $428 / Sq Ft
04/21/2015 04/21/15 Pending -- -- --
03/26/2015 03/26/15 For Sale $745,000 -- $468 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81822603

MLSListings

APN: 006-526-004